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Be the first to register for a unit at UMLand's latest niche project situated in the freehold prime location of Bangsar. Located in one of Kuala Lumpur's most affluent neighbourhoods, this one-block luxurious residence will be host to 190 units of condominiums with a choice of two-, three- and four-bedroom suites to match the taste of individuals and families who prefer to live in style.

The two-bedroom suites come with a hefty built-up area of 1,100 square feet and are the perfect choice for young professionals whereas the three-bedroom and four-bedroom suites, ranging from 1,800 square feet to 2,200 square feet, are ideal for families with its cosy and well-appointed fit-outs.

Nevertheless, for those of you who favour a lifestyle a cut above from the rest you can take your pick from our five- and six-bedroom lavish penthouses with a generous built-up area from 3,800 square feet to 4,800 square feet.

So what are you waiting for, register for one of these delectable units now by sending in your details to marketing@umland.com.my or call us at 03-2142 2909 to find out how you can own a piece of this prime property at affordable rates!

Located in one of Kuala Lumpur's most affluent neighbourhoods, this one-block luxurious residence will be host to 190 units of condominiums with a choice of two-, three- and four-bedroom suites to match the taste of individuals and families who prefer to live in style.

The two-bedroom suites come with a hefty built-up area of 1,100 square feet and are the perfect choice for young professionals whereas the three-bedroom and four-bedroom suites, ranging from 1,800 square feet to 2,200 square feet, are ideal for families with its cosy and well-appointed fit-outs.

Nevertheless, for those of you who favour a lifestyle a cut above from the rest you can take your pick from our five- and six-bedroom lavish penthouses with a generous built-up area from 3,800 square feet to 4,800 square feet.

United Malayan Land Bhd a property developer of integrated townships and niche developments today announced its results for the financial year ended 31 December 2007.

United Malayan Land Bhd recorded RM46.6 million profit after tax for the financial year ended 31 December 2007 on the back of RM396.8 million in turnover which represents a 16% growth against last financial year’s RM40 million profit after tax.

With the improved results, UMLand is recommending a final gross dividend of 7.5 sen per share less tax for shareholders approval at the forthcoming 47th Annual General Meeting. If approved, this together with the interim dividend of 2.5 sen per share less tax which was paid on 26 February 2008 brings the total dividend to 10 sen per share less tax.

Commenting on the results, Mr. Anthony Yap, UM Land’s Group Chief Executive Officer said, “The higher net profit was attributed to increased profit contributions from property sales in its Johor flagship township of Bandar Seri Alam. Year-on-year revenue declined marginally to RM396.8 million from RM416.6 million in the preceding financial year due to lower revenue recognition from its Suasana Sentral Loft condominium project which will taper off in 2008. We expect 2008 to be a challenging year in view of the rising costs of doing business. However, the Group is well positioned to withstand any negative impact brought about by these economic uncertainties. On a positive note, the Group expects to launch 3 high-end development projects within KL city centre and in Bangsar with a combined gross development value (GDV) in excess of RM1 billion this year.

The first to be rolled out in the 1st quarter 2008 is the Suasana Bangsar exclusive condominium project in Bangsar. It consists of a single block luxurious residential tower housing 190 units of condominiums with a choice of two-, three- and four-bedroom suites with sizes ranging from 1,112 to 4,800 square feet to match the taste of individuals and families who prefer to live in style. The freehold property has an estimated GDV of RM175 million. Judging from the high level of interest in the upcoming project based on the list of registrants, we are confident of its success.
In the second half of 2008, UMLand targets to launch its 310 units of serviced residences nestled within the serene enclave of Bukit Ceylon. Given the attractive locations and development potential of this project, it is expected to contribute positively to future earnings of the Group. UMLand is also targeting to launch its prestigious luxury condominium project towards the latter part of 2008 or early 2009.”

Mr. Yap also emphasized that “The Group will remain focused on its two-pronged growth strategy through its Township Division and Niche Development Division. The Group is currently pursuing several land acquisitions and joint venture development opportunities in the Iskandar Development Region (IDR) in line with this strategy.

Further information on the financial results can be found in UM Land’s announcement made to Bursa Malaysia today at www.bursamalaysia.com

KUALA LUMPUR: United Malayan Land Bhd's (UM Land) net profit rose 16% to RM46.6 million in the year ended Dec 31, 2007, from RM40 million in FY06 due to increased profit contributions from property sales in its Johor flagship township of Bandar Seri Alam.

Revenue declined marginally to RM396.8 million from RM416.6 million due to lower revenue recognition from its Suasana Sentral Loft condominium project which will taper off this year. It proposed a final gross dividend of 7.5 sen per share less tax, which will bring the total dividends for the year to 10 sen per share less tax.

“We expect 2008 to be a challenging year in view of the rising costs of doing business. However, the group is well-positioned to withstand any negative impact brought about by these economic uncertainties," said its group chief executive officer Anthony Yap in a statement yesterday.

He said the group expected to launch three high-end development projects within the city centre here and in Bangsar, with a combined gross development value (GDV) in excess of RM1 billion this year.

Yap said the first to be rolled out in the first quarter of the year was the Suasana Bangsar exclusive condominium project in Bangsar, with a GDV of RM175 million.

In the second half, UM Land targets to launch its 310 units of serviced residences in Bukit Ceylon and is also targeting to launch its prestigious luxury condominium project towards the latter part of 2008 or early 2009.”

“The group will remain focused on its two-pronged growth strategy through its township division and niche development division. The group is currently pursuing several land acquisitions and joint venture development opportunities in the Iskandar Development Region (IDR) in line with this strategy," it said.

Location:
The project is located at the junction of Jalan Kaloi/Jalan Kurau/Jalan Tanduk opposite the Bangsar Heights Condominium. It is accessible from Jalan Bangsar via Jalan Maarof and turning left onto Jalan Tanduk.

Located in one of Kuala Lumpur's most affluent neighbourhoods, this one-block luxurious residence will be host to 190 units of condominiums with a choice of two-, three- and four-bedroom suites to match the taste of individuals and families who prefer to live in style.

The two-bedroom suites come with a hefty built-up area of 1,100 square feet and are the perfect choice for young professionals whereas the three-bedroom and four-bedroom suites, ranging from 1,800 square feet to 2,200 square feet, are ideal for families with its cosy and well-appointed fit-outs.

Nevertheless, for those of you who favour a lifestyle a cut above from the rest you can take your pick from our five- and six-bedroom lavish penthouses with a generous built-up area from 3,800 square feet to 4,800 square feet.

Be the first to register for a unit at UMLand's latest niche project situated in the freehold prime location of Bangsar. Located in one of Kuala Lumpur's most affluent neighbourhoods, this one-block luxurious residence will be host to 190 units of condominiums with a choice of two-, three- and four-bedroom suites to match the taste of individuals and families who prefer to live in style.

The two-bedroom suites come with a hefty built-up area of 1,100 square feet and are the perfect choice for young professionals whereas the three-bedroom and four-bedroom suites, ranging from 1,800 square feet to 2,200 square feet, are ideal for families with its cosy and well-appointed fit-outs.

Nevertheless, for those of you who favour a lifestyle a cut above from the rest you can take your pick from our five- and six-bedroom lavish penthouses with a generous built-up area from 3,800 square feet to 4,800 square feet.

So what are you waiting for, register for one of these delectable units now by sending in your details to marketing@umland.com.my or call us at 03-2142 2909 to find out how you can own a piece of this prime property at affordable rates!

PROPERTY developer United Malayan Land Bhd (UMLand) plans to launch two new projects worth some RM1.5 billion in Kuala Lumpur in the next 10 months, says its chief.

Group chief executive officer Anthony Yap said the company is expected to launch the first project by the third quarter of 2008, which will comprise 310 units of serviced residences on 0.6ha nestled within the serene enclave of Bukit Ceylon.

The second project, which will be launched by early 2009, is a 50-50 joint venture with Bolton Bhd to build low-density luxury homes on a 1,74ha site in Jalan Mayang, close to the Petronas Twin Towers.

"We are still planning the two developments and getting the necessary approvals. We expect to reap in good margins from these projects," Yap told Business Times after a media preview on Suasana Bangsar in Kuala Lumpur on Saturday.

For the year ended December 31 2007, UMLand posted a net profit of RM46.6 million on revenue of RM396.8 million. Its net profit represented a 16 per cent growth from RM40 million a year ago.

Earlier, Yap said the RM185 million Suasana Bangsar is UMLand's latest prestigious project, which is expected to contribute substantially to earnings for the next three years.

It is a 25-storey tower block with 190 condominium units, which will be completed by early 2011.

Suasana Bangsar is being constructed on a 0.4ha site at Jalan Kaloi, near the New Straits Times (M) Bhd corporate building.

UMLand had acquired the piece of land last year for RM24 million through a receivership sale.

Yap said it bought the land due to its locality and the scarcity of land in Bangsar.

"Suasana Bangsar is our first luxury project for the year. We were scouting for strategic land and when this offer came about, we decided to seal the deal immediately," he said.

While prices of Suasana Bangsar start at RM550 per sq ft, those in other parts of Bangsar have reached RM1,000 per sq ft with One Menerung selling for between RM1,000 per sq ft and RM1,300 per sq ft.

Gaya Bangsar, a development by Uda Holdings Bhd, recently sold its units on leasehold land, adjacent to Menara Maybank, for RM550 per sq ft.

Yap said UMLand has no specific target and hopes to sell its Suasana Bangsar units before its official launch, targeted for June.

"We have sold over 15 per cent since our soft launch a week ago. The selling point is the address which is in a mature and prime location," he said.

Yap said he expects profits from the sale of the units to roll in from this year, but the bulk of it to come at the later part of 2009.

Reviving an abandoned project and turning it into the suburb's latest residential offering

Suasana Bangsar offers quick access to Bangsar nightlife, a host of facilities and views of either KL, Bangsar, Pantai or MidValley City.

The sign of a smart builder is someone who can short-circuit the lengthy development process so that it can capitalise on the winds of demand blowing in its favour.

That being the case, it’s little wonder that United Malayan Land Bhd (UMLand) jumped on the opportunity in January last year to purchase a partially completed apartment site in one of Kuala Lumpur’s most celebrated suburbs.

Now, slightly over a year later and with the benefit of work already done – which means buyers won’t have to wait for the usual three years till they receive their keys – it is ready to unveil its Suasana Bangsar condominium.

But first, the bad news: Today’s the last day to take advantage of UMLand’s three per cent early bird discount applicable for all the project’s 190 units, so any purchasing decision will have to be made before the sun goes down.

The 25-storey Suasana Bangsar is taking shape at the junction of Jalan Kaloi and Jalan Tanduk, and in front of the existing Bangsar Heights Condominium, putting it near the lively Telawi Strip nightlife, shopping centres such as Bangsar Village, and the Bangsar LRT station.

Available are two-, threeplus- one- and four-plusone- bedroom units in sizes of between 1,112sq ft and 2,147sq ft, as well as six penthouses at the topmost floors. These will accommodate either four-plus-two- or fiveplus- two bedrooms in areas ranging from 3,845sq ft to 4,892sq ft.

Although UMLand has yet to announce the project’s official pricing – the launch proper is expected to be in a month’s time – it has indicated that it would be around RM570psf, implying a starting price of slightly over RM630,000.

It also revealed that the project will accommodate eight units on a typical floor that will be serviced by five lifts, while all units will be specified with European sanitary fittings.

Among its recreational facilities will be a gym, Jacuzzi and swimming pool on the leisure deck, as well as a multi-purpose hall, children’s playground and games room.

The project is accessible from Jalan Bangsar via Jalan Riong and commands views of either Bangsar, Pantai, KL or MidValley City

UMLand purchased the 40,407sq ft site for RM24 million from Vista Genesis Panel Sdn Bhd, and based on its unit prices, it expects Suasana Bangsar to earn a gross development value of RM99 million by the time it is ready in late 2010.

KUALA LUMPUR; United Malayan Land Bhd (UMLand) will launch two more high-end condominiums in Kuala Lumpur this year following the launch of its Suasana Bangsar condominiums over the weekend. All three projects will have a gross development value of over RM1bil.

Group chief executive officer Anthony Yap said the 34-storey, 310-unit serviced apartment at Persiaran Chulan would be launched in the third quarter while the second project, a joint venture with Bolton Bhd, would be super condominiums to be launched by early 2009.

The super condominiums on 4.3 acres freehold land bordering Jalan Mayang and Jalan Yap Kwan Seng would have two 45-storey towers with low density, he said at the project launch on Saturday.

Yap said it was still “too early” to talk of pricing for the projects but assured that they would come with high quality finishes.

Anthony Yap (right) and Tang Chee Meng with a model of Suasana Bangsar at the launching ceremony.

“Very few developers have the opportunity to have a piece of land of about four acres in a very prime location in KL,” he said, adding that the group’s two-pronged strategy was to develop high-end niche products and townships.

UMLand’s township projects are Bandar Seri Alam and Seri Austin (both in Johor), and Bandar Seri Putra in Bangi. It has two other high-end projects, the fully sold and completed Seri Bukit Ceylon, a freehold serviced residence, and the Suasana Sentral Loft in KL Sentral.

Yap said Suasana Sentral Loft, which just obtained the temporary certificate of fitness, was changing hands at RM600 per sq ft compared with the developer’s price of RM425 per sq ft. The Sommerset residences in Seri Bukit Ceylon are being transacted at RM700 per sq ft (original price: RM380 per sq ft).

On Suasana Bangsar, Yap said the 190-unit, freehold condominium project with a choice of two-, three- and four-bedroom suites of 1,100 sq ft (RM600,000) to 4,900 sq ft (RM2.4mil) for the penthouses, looked set to enjoy capital appreciation as prices of condominiums in Bangsar were rising rapidly.

Priced from RM550 per sq ft, Suasana Bangsar’s structure is designed to conform to UBC 1997 (American Uniform Building Code) Zone 1 in reference to seismic forces.

Features include a free form infinity pool, glass-encased gymnasium overlooking the swimming pool, sand pits, private whirlpool and two-storey high grand entrance.

Henry Butcher Marketing Sdn Bhd chief operating officer Tang Chee Meng said the prices of Bangsar’s high-end condominiums and apartments were now catching up with those in the KLCC area.

“One Menerung (next to Bangsar Shopping Centre) managed to bridge this gap when it hit RM1,300 per sq ft recently while other projects in Bangsar have also breached the RM1,000 per sq ft mark,” he added.